Econometrics uses economic theory, mathematics, and statistical inference to quantify economic phenomena. In other words, it turns theoretical economic models into useful tools for economic ...

Statistics is not only the backbone of efficient governance but also a tool for socio-economic development," the president said. Murmu said it is their duty to collect accurate data, which can be ...

Economics majors analyze social systems — including markets, corporations and families — using math, data and statistical models. Their research helps society understand the interplay between ...